Selling Your Bahamas Home in a Competitive Enironment

Selling your Bahamas home in anything other than an active market can seem challenging, but what do you do when yours is only one of many homes in your neighbourhood with For Sale signs? Surprisingly, there are actually some advantages to marketing your home in this situation.

More buyers are drawn to neighbourhoods where they can preview more homes at once. More buyers means more opportunities for your home in the Bahamas to be seen and to attract an offer, so make your listing stand out against your competition.

Price your home aggressively after reviewing the comparable sales figures provided by your Bahamas Real Estate Association agent. Don't give your neighbours' home the advantage of looking like a bargain compared to your listing - take it yourself and show buyers what a great value you're offering. If you're competing against foreclosure or “fixer-upper” listings, having your home in "like new" condition helps because these other listings often need lots of repairs.

With this much activity in your neighbourhood, make sure that your Bahamas home is available for showing on literally a moment's notice. Buyers who come to look at other listings may spot yours and want to see it right away to make comparisons. Be prepared for "impulse" prospects with good housekeeping and an escape plan for unexpected showings.

Finally, don't worry if your neighbour sells first - that just makes for less competition!